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Market Update

We are definately seeing capital availabliity at its highest levels since 2007.  Lenders are pushing proceeds, there is more flexibility in underwriting, and rates are at an all-time low.  Borrower credit still remains a primary issue  of consideration to institutional lenders.  Borrowers with impaired credit are having to seek higher priced loans but the capital is there.

Rates are at an all time low for good quality borrowers on good properties. Leverage has increased from 2009 back to more normal levels for stabilized properties in most markets.

Construction loans are back for well conceived projects. Multi-family is the top priority. Lenders are looking for substantial equity from borrowers and experience is critical.  Acquisition loans for construction projects have returned at reasonable levels.

In summary, commercial real estate financing has rebounded.  Now is the time to take advantage of the capital availability and great rates!